Types and Usage

A coin is a small, flat, (usually) round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government.

The Type Of Coin Collector:

1. Type Coin Collectors: Type collectors are people who collect one example of every coin, design, denomination, or metal from a certain period of time.

2. Error Coin Collectors: There are entire groups, clubs, and organizations dedicated to serving the error coin collector. Error coins also include coins that are not struck at all (blank coins) and also  have been struck 2 times — leaving a double-image of some or all of the design on the coin. These are called double dies.

3. Novelty Coin Collectors: These coins are usually real, but they did not get struck at the Mint looking the way they now do. Instead, many companies, private individuals, and others have modified or altered the appearance of those coins to honor a special occasion, event, person, or place.

4. Bullion Coin Collectors: Bullion coin collectors, like bullion investors, must pay careful attention to the value trends of the bullion coins they are buying because the prices for some fluctuate as quickly as the prices for stock shares — no joke.

5. Topical Coin Collectors: Topical Coin Collectors appreciate coins because of the kind of image they have on them. That is, Topical Coin Collectors collect coins because they have designs of certain subjects they like.

6. Modern Coin Collectors: Modern U.S. coin collecting generally entails pursuing coins like:

Lincoln cents

Buffalo nickels

Mercury dimes

Walking Liberty half dollars

Franklin half dollars

Indian Head pennies (1859-1909)

Barber coins (1883-1916)

Other coins well associated with the 20th century

7. Rare Coin Collectors: Rare coin collectors may also seek coins which are highly common in lower grades, but are considered greatly difficult to locate in higher grades.


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